Poonawalla Fincorp Is A 'Buy', Says UBS On Initiation — Check Target Price

UBS has commenced coverage of Poonawalla Fincorp with a 'buy' recommendation, indicating a robust growth potential for the financial services provider. The investment bank has set a target price of Rs 640, reflecting confidence in the company’s strengthening franchise and favorable market outlook. Analysts highlighted Poonawalla Fincorp’s strategic initiatives and operational efficiencies that position it well to capitalize on emerging opportunities in the financial sector. This endorsement comes as the company continues to expand its portfolio and enhance customer engagement, signaling a positive trajectory amidst a competitive landscape. Investors are advised to consider this stock as a viable addition to their portfolios given the anticipated growth and profitability in the coming quarters.